Door locks Capital expense Classification

Sir or Madam.

Our firm purchased Door locks as part of constructing a hospital building

Please advise

Can I classify locks under building as the locks are annexed to Building or

advise any

Thanks in advance
Replies (4)
Quick Summary
This discussion explores the capital expenditure classification for door locks purchased during hospital construction. The consensus suggests that unless the locks are of exceptionally high value and serve a primary security purpose, they are typically not classified as a standalone capital expenditure. Instead, for a self-constructing asset like a hospital building, these costs are often capitalised under 'furnitures and fixtures' as part of bringing the asset to its intended use.

Door locks àre never classified as capital expenditure.
If the door lock is huge value and it's security purpose then You can book it's under FA.
@ sabyasachi sir
building currently under construction please advise

It's a self constructing asset right used for company purpose? All expenses to bring the asset to life are capitalised under furnitures and fixtures

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